Synchrony Financial plans to expand operations in Hyderabad

Synchrony Financial
(NYSE: SYF), a premier consumer financial services
company with 80 years of retail heritage, is planning to expand its operations
in Hyderabad. As part of the company’s strategic investment plans for Telangana
State, Synchrony Financial has signed an agreement to lease more than 200,000
square feet office space in Knowledge City, Hyderabad.

The India operations offer a compelling value proposition by
providing talent, expertise and technological capabilities to help Synchrony
Financial’s business grow. The Hyderabad site supports the Synchrony Financial
business by providing Contact Center Solutions, Fraud Investigation support,
Process Control Monitoring, as well as Finance, Analytics and IT support.

Synchrony Financial, which already has a presence in the city at
iLabs, is expected to occupy the new office between July and August 2017.

Speaking on the occasion, Mr. Kurt Grossheim, Executive Vice
President and Chief Operating Officer at Synchrony Financial, said, “We have a
roadmap for strategic expansion for our site here in Hyderabad and this
expansion supports our strategy. We have tremendous talent in India, especially
Hyderabad, and are thankful for the support and strong relationship with the
government of Telangana State as we work through the expansion.“

Also speaking on the occasion, Mr. Faisal Uddin, Sr. Vice
President and Business Leader Synchrony Financial, India, said, “Our expansion
here is a clear embodiment of our commitment to Hyderabad and our talented
staff. The new facility will be equipped with enhanced work spaces, along
with an array of relaxation zones for our employees to unwind and refocus to
perform better. We are excited about expanding our footprint in this vibrant
city, as that will help us continue to recruit and retain the highest calibre
of employees.”